Chinese metallic wire manufacturer Fushi Copperweld Inc. announced that is has agreed to be taken private by an investment group led by its co-chief executive, Li Fu, and private equity firm Abax Global Capital (Hong Kong) Ltd. for $364 million. The per share price of $9.50 represents a 21 percent premium on the stock’s closing price on June 28.
Tags: Weil, Gotshal & Manges, LLP | Hong KongWeil advised Mubadala Development Company PJSC, a strategic investment arm of the Abu Dhabi Government, in the formation of a joint venture with Sony/ATV and a consortium of co-investors – including GSO Capital Partners, Jynwel Capital and film and music mogul David Geffen – to acquire EMI’s music publishing business for $2.2 billion. The transaction closed on June 29, 2012 following clearance by EU and US antitrust regulators. Weil also advised the full consortium on numerous aspects of the transaction, including negotiation of the acquisition agreements with Citigroup and EMI and the $1.25 billion senior secured and $403.3 million senior notes financing for the acquisition.
Tags: Weil, Gotshal & Manges, LLP | New York
Leading international law firm Clifford Chance has advised on two deals involving the issuance of bonds for the Export-Import Bank of Malaysia Berhad (MEXIM Bank) and PTTEP Canada International Finance Limited.
Tags: Clifford Chance LLP | Hong Kong
King & Wood Mallesons has acted for long-term client Nestlé on the sale of its Peters Ice Cream business to Australian Food Group, a company owned by Private Equity group Pacific Equity Partners (PEP).
Tags: King & Wood MallesonsShiv Sibal, senior associate with Pinsent Masons in Leeds, is joining the Yorkshire office of Dickinson Dees as a partner.
Paul Hastings LLP, a leading global law firm, announced today that the firm represented RBC Capital Markets as lead arranger and bookrunner in a $400 million amendment to extend an existing facility for Niska Gas Storage Partners LLC, the largest independent owner and operator of natural gas storage in North America.
Tags: Paul Hastings, LLP | New York
Shearman & Sterling represented Morgan Stanley Senior Funding, Inc., Barclays Bank PLC, Suntrust Robinson Humphrey, Inc., UBS Securities LLC, RBC Capital Markets and Goldman Sachs Bank USA as arrangers in connection with a $1.62 billion term loan and a $250 million revolving credit facility related to the acquisition of Above Net, Inc. by Zayo Group, LLC.
Tags: Shearman & Sterling LLP | New York
Ogier have announced that Julie Melia joined the firm as a Partner and Co-Head of the Property Law Group on 2 July. Julie is a senior Advocate with 20 years of experience in Jersey and is very well respected in the local property industry by clients, intermediaries and her peers.
Tags: Ogier
Clayton Utz has appointed Clive Luck as a partner in its Perth Construction & Major Projects practice, with effect from 1 July 2012.
Tags: Clayton Utz
Sandvik has entered into a five year strategic outsourcing agreement valued at approximately SEK 2 billion with IBM. Through the agreement, Sandvik will outsource a significant part of its global IT infrastructure services, including data center and workplace services (consisting of all PC-related services), and IBM will offer employment to Sandvik’s resources currently working in these areas. The agreement strengthens the internal business solution for Sandvik IT and reflects Sandvik’s ambition to be a globally integrated company.
Tags: Mannheimer Swartling